MVM PUBS LIMITED

MVM PUBS LIMITED

MVM PUBS LIMITED - Company Information

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MVM PUBS LIMITED

Company Registration Number:
08372930 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2017

Period of accounts

Start date: 01 August 2016

End date: 31 July 2017

MVM PUBS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2017

Balance sheet
Notes

MVM PUBS LIMITED

Balance sheet

As at 31 July 2017


Notes
2017
18 months to 31 July 2016


£
£
Fixed assets
Tangible assets: 2 18,688 15,452
Total fixed assets: 18,688 15,452
Current assets
Stocks: 3,425 3,725
Debtors:   113,755 81,542
Cash at bank and in hand: 41,949 51,422
Total current assets: 159,129 136,689
Creditors: amounts falling due within one year:   (102,684) (102,699)
Net current assets (liabilities): 56,445 33,990
Total assets less current liabilities: 75,133 49,442
Total net assets (liabilities): 75,133 49,442
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 75,033 49,342
Shareholders funds: 75,133 49,442

The notes form part of these financial statements

MVM PUBS LIMITED

Balance sheet statements

For the year ending 31 July 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 April 2018
and signed on behalf of the board by:

Name: Mr V Mulhern
Status: Director

The notes form part of these financial statements

MVM PUBS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and servicesprovided in the normal course of business , and is shown net of VAT and other sales related taxes . The fairvalue of consideration takes into account trade discounts, settlement discounts and volume rebates.When cash inflows are deferred and represent a financing arrangement, the fair value of the considerationis the present value of the future receipts. The difference between the fair value of the consideration andthe nominal amount received is recognised as interest income.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of thegoods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can bemeasured reliably, it is probable that the economic benefits associated with the transaction will flow to theentity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.Revenue from contracts for the provision of professional services is recognised by reference to the stageof completion when the stage of completion, costs incurred and costs to complete can be estimatedreliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractualhourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimatedreliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values overtheir useful lives on the following bases:Fixtures, fittings & equipment 15% reducing balanceThe gain or loss arising on the disposal of an asset is determined as the difference between the saleproceeds and the carrying value of the asset, and is credited or charged to profit or loss .

MVM PUBS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2017

2. Tangible Assets

Total
Cost £
At 01 August 2016 23,404
Additions 7,567
At 31 July 2017 30,971
Depreciation
At 01 August 2016 7,952
Charge for year 4,331
At 31 July 2017 12,283
Net book value
At 31 July 2017 18,688
At 31 July 2016 15,452